Publications

Policy Note 2006/4 | April 2006

Debt and Lending

A Cri de Coeur
Many papers published by the Levy Institute during the last few years have emphasized that the American economy has relied too much on the growth of lending to the private sector, most particularly to the personal sector, to offset the negative effect on aggregate demand of the growing current account deficit. Moreover, this growth in lending cannot continue indefinitely.

Publication Highlight

Working Paper No. 995
The Employer of Last Resort Scheme and the Energy Transition
A Stock-Flow Consistent Analysis
Author(s): Giuliano Toshiro Yajima
November 2021

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